In today’s session A. O. Smith Corp (AOS) recorded an unusually high (6,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious AOS decrease. With 6,000 contracts traded and 61594 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: AOS170421P00045000 closed last at: $3.4 or 17.1% down. About 206,708 shares traded hands. A. O. Smith Corp (NYSE:AOS) has risen 16.58% since April 5, 2016 and is uptrending. It has outperformed by 14.62% the S&P500.
A. O. Smith Corp (NYSE:AOS) Ratings Coverage
Out of 10 analysts covering AO Smith Corp (NYSE:AOS), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $111 is the highest target while $80 is the lowest. The $92 average target is 100.57% above today’s ($45.87) stock price. AO Smith Corp has been the topic of 11 analyst reports since September 11, 2015 according to StockzIntelligence Inc. As per Tuesday, November 3, the company rating was initiated by SunTrust. On Tuesday, March 8 the stock rating was initiated by Northland Capital with “Buy”. The company was downgraded on Friday, January 8 by Maxim Group. The stock of A. O. Smith Corp (NYSE:AOS) has “Buy” rating given on Wednesday, September 23 by BB&T Capital. The stock has “Buy” rating given by Jefferies on Friday, September 23. Suntrust Robinson initiated the shares of AOS in a report on Tuesday, November 3 with “Buy” rating. BMO Capital Markets initiated A. O. Smith Corp (NYSE:AOS) on Tuesday, April 5 with “Outperform” rating. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, April 8. The rating was initiated by Longbow with “Neutral” on Friday, June 17. The stock has “Buy” rating given by SunTrust on Thursday, July 14.
According to Zacks Investment Research, “A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a diversified manufacturer serving customers worldwide. The company is one of the world’s leading manufacturers and marketers of residential and commercial water heating equipment, offering a comprehensive line featuring the best- known brands in the industry. It is also one of North America’s largest manufacturers of electric motors, with an extensive line of hermetic, fractional horsepower, and integral horsepower motors for residential, commercial, and industrial applications. A. O. Smith employs people at facilities in the United States, Mexico, China, Canada, and Europe.”
Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.06, from 1.07 in 2016Q1. The ratio increased, as 31 funds sold all A. O. Smith Corp shares owned while 132 reduced positions. 72 funds bought stakes while 113 increased positions. They now own 63.42 million shares or 0.45% less from 63.71 million shares in 2016Q1.
Peak6 Lp reported 7,745 shares or 0.01% of all its holdings. Teacher Retirement Systems Of Texas holds 5,347 shares or 0% of its portfolio. Blackrock Advsr Ltd Limited Liability Company, a Delaware-based fund reported 103,921 shares. Baldwin Brothers Ma has invested 0.09% of its portfolio in A. O. Smith Corp (NYSE:AOS). The France-based Credit Agricole S A has invested 0.02% in A. O. Smith Corp (NYSE:AOS). Quantitative Systematic Strategies Ltd Liability Corporation has 0.45% invested in the company for 11,328 shares. Invesco has 1.85M shares for 0.06% of their US portfolio. Renaissance Technology Ltd Liability Com has 0.02% invested in the company for 90,400 shares. The Massachusetts-based Frontier Capital Mgmt Com Ltd Llc has invested 0.53% in A. O. Smith Corp (NYSE:AOS). Panagora Asset Management holds 0% or 798 shares in its portfolio. Dai Ichi Life Insur has 39,128 shares for 0.1% of their US portfolio. Copper Rock Capital Prns Limited Com has 0.03% invested in the company for 4,097 shares. Driehaus Cap Management Limited holds 0.02% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 7,110 shares. Moreover, Jpmorgan Chase And Co has 0.01% invested in A. O. Smith Corp (NYSE:AOS) for 369,674 shares. Hightower Advsr Limited Liability Company last reported 0.03% of its portfolio in the stock.
Insider Transactions: Since May 13, 2016, the stock had 0 insider buys, and 10 insider sales for $10.85 million net activity. BROUWER WILFRIDUS M sold $578,399 worth of A. O. Smith Corp (NYSE:AOS) on Friday, July 29. 1,871 shares were sold by WOLF IDELLE K, worth $147,809 on Friday, May 13. Lauber Charles T sold $89,559 worth of A. O. Smith Corp (NYSE:AOS) on Tuesday, May 24. $322,751 worth of A. O. Smith Corp (NYSE:AOS) shares were sold by BROWN RONALD D. $315,775 worth of A. O. Smith Corp (NYSE:AOS) shares were sold by Martineau Peter R. $418,500 worth of A. O. Smith Corp (NYSE:AOS) shares were sold by Rajendra Ajita G. KITA JOHN J sold $886,042 worth of stock or 11,000 shares.
A. O. Smith Corporation operates its business through two divisions, which include North America and Rest of World. The company has a market cap of $8.13 billion. The Company’s Rest of World segment primarily comprises China, Europe and India. It has a 25.11 P/E ratio. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.
AOS Company Profile
A. O. Smith Corporation, incorporated on July 09, 1986, operates its business through two divisions, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. Both divisions manufacture and market a range of residential and commercial gas, gas tankless and electric water heaters. Both divisions primarily manufacture and market in their respective regions of the world. The Company’s North America segment also makes and markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. Primarily for Asia, its Rest of World segment also makes and markets water treatment products. The Firm also markets in-home air purification products in China.
Another recent and important A. O. Smith Corp (NYSE:AOS) news was published by Bizjournals.com which published an article titled: “A.O. Smith, United Way partner with city of Milwaukee to provide water …” on November 07, 2016.
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